The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
Alan Goforth is a freelance writer in suburban Kansas City. In addition to freelancing for several publications, he has written a dozen books about sports and other topics.
EBSA, which is part of the U.S. Department of Labor, oversees more than 801,000 private retirement plans, 2.6 million health plans and 514,000 other benefit plans, which collectively hold about $14 trillion in assets.
“Common assumptions about work are being rewritten in real time amid perpetual uncertainty and pressure points that are permeating the global workforce,” said Lesley Uren, CEO of Korn Ferry Consulting.
The company then sought payment for many of those prescriptions from Medicare and other federal health care programs in violation of the False Claims Act, the announcement said.
The executive order was praised by an unlikely source – Mark Cuban, who started Cost Plus Drugs in 2022 in an attempt to control prices through direct-to-consumer transparency.
Eighty-five percent of corporate partners increased employee premiums for at least one plan, and 7% have added a new no-deductible plan option in the last two years.